News

Jeff Klopfenstein, President of the Methionine Unit at Novus International, announced plans to expand Alimet production at a new facility thus increasing capacity and jobs, to members of the Victoria EDC at their Annual Membership meeting.

Formosa Plastics Corporation Texas, in Point Comfort, is investing $5 billion into a plant expansion that will extend into Jackson County and provide about 340 jobs. The expansion will broaden the company's plastic resins product line and increase overall productivity, said Bill Harvey, company spokesman. Construction began about two and a half years ago and is scheduled to finish in late 2018.

Evan Smith, CEO and Co-Founder of the Texas Tribune offered a thoughtful perspective on the 85th legislative session as he presented Politics, Policy, Population: Where We Are & Where We Are Going to members of the Victoria EDC at their Semi Annual Membership meeting.

Labor Force

Victoria has become the location preferred by primary employers. With that designation has come a highly-trained, well skilled workforce. Victoria has a labor pool reaching over 185,000 potential employees within a 55-mile radius. This number is projected to grow over the coming decade.

Texas is a Right-to-Work state.

Low union profile in the manufacturing sector.

Texas has instituted major reforms in worker’s compensation, lowering employer’s costs substantially over the past several years.

The Victoria College, University of Houston-Victoria, and Texas Vocational Schools graduates students each year that can provide a labor force reinforced with customized training skills. Texas has more than $250 million in federal funds available annually for training services to disadvantaged, unskilled and dislocated workers. The Texas sponsored Skills Development Fund is administered locally through Texas Workforce Solutions of the Golden Crescent.

Victoria has a stable, well-trained labor pool available at a cost that ranks below other comparable U.S. markets.

Texas has the nation’s second largest workforce with over 11 million workers. Texas also boasts the nation’s third largest pool of graduate scientists and second largest pool of graduate engineers.

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Interested in starting up, relocating, or expanding in Victoria, TX? The Victoria Economic Development Corporation (VEDC) looks forward to providing you with the critical information you need to make an informed, correct decision for your site location in Victoria, TX and the Victoria Region.